Infoholic Research LLP, a global market research and consulting organization, has published a study titled “GlobalAutonomous Vehicle Security Market: Drivers, Restraints, Opportunities, Trends, and Forecasts to 2023” (October 2017).

According to Infoholic Research, autonomous vehicle security solutions are offered to protect connected and autonomous vehicles that fall in the category of Level 2 to Level 5. These systems protect the automobiles by offering various security solutions, such as anti-hacking systems, in-vehicle security systems, application security solutions, and others.

The global automobile industry is growing rapidly owing to the increasing disposable income, urbanization, and other factors. Connected cars and semi-autonomous cars are being adopted at a higher rate since 2015 due to advancements in vehicle technologies and changing customer demands. The penetration rate of autonomous vehicles is very minimal compared to that of conventional non-autonomous cars, however, the demand for connected cars is increasing in the recent years owing to the changing customer preferences.

The global autonomous vehicle security market is expected to grow at a CAGR of 14.7% during the forecast period 2017–2023.

The report covers vehicle types, namely semi-autonomous vehicles and fully-autonomous vehicles. The semi-autonomous vehicles include passenger vehicles, light commercial vehicles, heavy commercial vehicles, and others. The fully-autonomous vehicles include only Level 5 autonomous vehicles, which are expected to emerge more in the market in the future. The passenger vehicle segment is expected to adopt more security solutions followed by light & heavy commercial vehicles owing to the increasing demand for connected and autonomous vehicles across regions. The increasing concerns on security of passenger vehicles are expected to promote the use of the security solutions.

The report covers security types, namely application security, network security, wireless security, cloud security, and others. The wireless and cloud security solutions are largely dominated by the software solution providers owing to developments in the cloud and connectivity infrastructure in the automobiles. The application security solutions are expected to grow at a higher rate followed by network security, wireless security, and cloud security. However, all these solutions support in-vehicle security solutions, which promote vehicle safety. On the other hand, these security solutions offer anti-hacking solutions from external threats. However, the communication between these ECU, network, and cloud is yet to be strengthened to standardize these technologies.

The report covers services, namely consulting service providers, integration service providers, and maintenance service providers. These platforms provide intelligence, code-running, code-editing, and code-updating services in autonomous and connected vehicles. The consulting and integration services are largely being produced by the American and European users followed by APAC and MEA owing to the increasing investments for the connected vehicle ecosystem.

The regions covered are Americas, Europe, MEA, and APAC. In 2017, the Americas and Europe are the leading adopters of autonomous vehicle security solutions followed by APAC and MEA. However, APAC will become the leading adopter of these solutions by 2023 owing to the developing automotive sector in countries like China, Japan, India, South Korea, and others.

“The autonomous vehicle security solutions are expected to be adopted by more than 80% of the connected vehicle users in developed countries and the US, the UK, Germany, Spain, Canada, China, Japan, and South Korea are expected to be the leading adopters of these solutions. Asia Pacific is expected to receive more security solutions in the next 5–6 years.” Srujan, Research Analyst at Infoholic Research

The report covers the present scenario and the growth prospects of the global autonomous vehicle security market during the forecast period 2017–2023. The report provides an in-depth analysis and forecast about the industry covering the following key features:

The report provides details about the autonomous vehicles security market